Hi,
I am working in an ITES as HR & i have a doubt on calculation of PF.Can anyone tell is there any other calculation for PF other than 12% on basic.Is it correct if PF is calculated like this 70% of gross pay *12% =PF amount.
I am working in an ITES as HR & i have a doubt on calculation of PF.Can anyone tell is there any other calculation for PF other than 12% on basic.Is it correct if PF is calculated like this 70% of gross pay *12% =PF amount.